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Dr G's Microeconomics: Chapter 6 Elasticity Flashcards | StudBud
Dr G's Microeconomics: Chapter 6 Elasticity
1 / 14
If the Q
d
of a good is very responsive to changes in income (ε
I
>1), the good is considered ___
A
An inferior good.
B
A necessity.
C
A conspicuous good.
D
A luxury.
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0
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